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Old 07.05.2010, 00:37
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Stock Market Manipulation?

What do you think?
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Old 07.05.2010, 01:06
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Re: Stock Market Manipulation?

It's hard to say, other then it happens a every day, I think normally on smaller scales directed this way and that. But, I am pretty convinced there is a problem when everyone is trading electronicly, and if there is a dump, you might be selling a position that at the beginning and the end of the day they are about the same, but if you owned Boston Beers, amongst others, it traded at .01 at one point today.
The NYSE chairman has said, in the past, and today as well, if you were a buyer at .01, then they reverse the trade back, and you don't get it at that purchase price. However, if you bought it at .01 and sold it on the way up, before the end of the session, the seller is out his position.
So for day traders there could have been some instant million/billionaires made today.
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